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Mendip Gardens, Gateshead NE11 2 bed flat for sale
Mendip Gardens, Gateshead NE11
£60,000
Mendip Gardens, Gateshead NE11
£60,000
Price History
Initial price | £70,000 |
14/12/24 | £68,000 |
21/12/24 | £66,000 |
24/12/24 | £64,000 |
03/01/25 | £71,000 |
11/01/25 | £69,000 |
17/01/25 | £67,000 |
01/02/25 | £60,000 |
Price Change | -14.29% |
Description
This 2-bedroom mid-terrace property in Lobley Hill is a fantastic investment opportunity for those looking to expand their portfolio. The well-kept home features a spacious lounge, modern kitchen, and 2 bedrooms, and is currently generating an annual gross income of £6,600. With the potential to increase the rent to a market rate of £9,708, this property offers a worthwhile addition to any investor's portfolio. The current tenants, who have been in the property for several years, are committed to remaining and have a good rental history, making for a smooth transaction process. With its proximity to valuable amenities and potential for strong rental returns, this property is not to be missed.